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In a recent prediction, crypto analyst Van de Poppe forecasts that Bitcoin will hit the $47-50K mark before the launch of the Bitcoin ETF. He also sees Chainlink reaching $25 in the next six months.
Meanwhile, Meme Moguls’ presale is experiencing a significant surge. This comes after analysts tagged the token as the best crypto for bullish gains in 2024.
Bitcoin (BTC) To Test $47-50K
In a recent tweet, crypto expert Michael Van de Poppe stated that Bitcoin tested new lows lately. Nevertheless, he noted that the price correction is over, and Bitcoin is on its way to $47-50K. Michael Van de Poppe ended his tweet advising crypto enthusiasts to “Buy the dips.”
Meanwhile, CoinMarketCap data shows Bitcoin price is still above the $40k mark. It has increased from a low of $40,720.05 to a high of $43,327.20 in the last seven days. Despite the consolidation in the market, Bitcoin is still up 14.7% and 152.3% on the monthly and yearly timeframe, respectively.
The crypto community is eager for the upcoming Bitcoin ETF and Bitcoin halving in 2024. Nevertheless, Bitcoin holders are stocking up on presale projects like Meme Moguls. Meme Moguls is one of the leading projects on the top ICO list. Keep reading to know more about this project.
Meme Moguls (MGLS) Raises More Than Half a Million Dollars
Earlier on, we stated that Meme Moguls (MGLS) is one of the projects on the top ICO list. That’s true. Currently, Meme Moguls is in the second stage of its presale after selling out the first stage. So far, Meme Moguls has $589,729 in funding, a sign of massive investor interest.
There is an exciting opportunity with a $20,000 prize pool in MGLS ERC20 tokens available at Meme Moguls. Participants can join the fun on Zealy, make daily submissions, and stay updated with regular progress checks. Engaging through original tweets, retweets, and comments and using the #MemeMogulsGiveaway hashtag is part of the activities. Let us look at what the Meme Moguls platform offers.
Meme Moguls is a platform that teaches people how to invest and generate wealth. One of its main services is simulated investing, in which users may play virtual stock market trading games.
You can compete with pals while simultaneously learning investment tactics, discovering new possibilities, and winning cash and meme-themed goodies. Tournaments can be organized by members of the community, creating a competitive and pleasant setting with potential prize pools.
Users on Meme Moguls can also advance their in-game status to the ‘Moguls’ level by trading for passive income. Furthermore, the platform features trading missions and challenges, with users rewarded with precious meme assets. Currently, its ERC20 token is trading at $0.0023.
Can Chainlink (LINK) Rise Pass $20, Analyst Answers
Since breaking out of a horizontal consolidation pattern in the middle of last year, Chainlink (LINK) has been trading within the $14 to $16.4 range. Market analysis shows that Chainlink must turn this range into a support level for a potential climb to $20.
In December, the Chainlink coin’s movement was noted to be between $13.73 and $15.46. Crypto analyst Michaël van de Poppe views consolidation phases as prime entry points before a bullish trend.
Meanwhile, Van de Poppe predicts a temporary drop in Chainlink price to the $11-$14 range. Afterward, he expects a rise towards $25 in the next 3-6 months. This bullish forecast is backed by technical indicators like the RSI and the 200 Moving Average MA.
Conclusion
Analysts have foreseen more upward price movement for Bitcoin and Chainlink in the coming. Nevertheless, this forecast is prone to market forces and could change if the crypto market goes bearish.
On the other hand, Meme Moguls is the best crypto to accumulate. Why? It does not depend on just investors from the crypto space. It also has an influx of gamers who use its MGLS token. As a result, its 2024 price prediction is more feasible than that of Bitcoin and Chainlink.
